Sentences with phrase «time gift exemption»

After I change the title on the property to joint tenants with my son how do I go about claiming the life time gift exemption to avoid taxes?

I heard that there is a life time gift exemption of $ 5,250,000 in 2013.

Not exact matches

Turns out, the best time of year to rake in those fat checks is at the very end, when most people do holiday gift - giving and also take advantage of the charitable donations tax exemption.

So at time of death, the giver's lifetime taxable gifts could total $ 5.25 million and no gift tax would be due, but then the giver's federal estate tax exemption would be reduced to zero.